The growing trade deficit with China has eliminated or displaced 2.8M U.S. jobs since 2001, or...

|By:, SA News Editor

The growing trade deficit with China has eliminated or displaced 2.8M U.S. jobs since 2001, or ~2% of all domestic employment, the Economic Policy Institute says. Rising imports are only part of the picture; since the yuan is pegged to the dollar, the currency remains artificially low, making U.S.-made goods more expensive in China and pushing down exports.